Skip to content
Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    GA-20 and Grammy-winning musician Charlie Musselwhite perform “I Can’t Hold Out” during CBS Saturday Morning’s Saturday Sessions on August 1.
    Videos

    GA-20 and Charlie Musselwhite Perform ‘I Can’t Hold Out’

    August 2, 2026 1 Min Read
    Ricky Gervais Alley Cats official Netflix trailer
    Videos

    Ricky Gervais ‘Alley Cats’ Trailer Sets August 7 Debut

    July 23, 2026 2 Min Read
    Sam Fender Olivia Dean break UK chart record with Rein Me In after 16 weeks at No. 1.
    Videos

    Sam Fender, Olivia Dean Break 30-Year UK Chart Record

    July 12, 2026 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Pakistan Navy seeks Rs.15b for fleet modernisation
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
PhotoNews Pakistan > Pakistan > Pakistan Navy seeks Rs.15b for fleet modernisation
Pakistan

Pakistan Navy seeks Rs.15b for fleet modernisation

Web Desk
By Web Desk Published March 31, 2015 2 Min Read
Share
SHARE

As part of a massive fleet modernisation plan, the Pakistan Navy is seeking Rs15 billion over the next three years for its needs, a request that the acting naval chief made directly to Finance Minister Ishaq Dar.

Acting Chief of Naval Staff, Vice Admiral Khan Hasham Bin Siddique met the minister yesterday, at the finance ministry, seeking funds to meet the navy’s more urgent needs, as well as future requirements of the naval forces, according to a handout issued by the ministry. The acting naval chief sought over Rs2 billion for meeting immediate requirements and another Rs15 billion for future needs, said an official after the meeting.

The meeting indicates that the Pakistan Navy wants to go for major defence procurements over the next few years, aimed at modernising its fleet. As the smallest of Pakistan’s three armed services, the navy usually gets only one-tenth of the total stated defence budget, with the bulk going to the army. The direct meeting with the finance minister suggests that the navy is keen to get its needs fulfilled.

For his part, the finance minister was supportive of the idea of fleet modernisation, but asked the navy to go through the joint staff headquarters of the armed forces. “The minister directed that a complete picture of Armed Forces Development Plan (AFDP) be presented in consultation with the Joint Staff Head Quarters to assess the budgetary requirements over the next three years,” said the official handout.

However, Dar was also quoted as saying: “If there is a need, the government will not hesitate to help the navy through budgetary support.”

The federal government separately provides funds for the AFDP. This funding is over and above the traditional defense budget and usually ranges between Rs165 billion to Rs200 billion. For the current fiscal year, the government has allocated Rs165 billion under the heading “contingent liabilities”, but is meant for meeting the development needs of the military.

Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

Bank Alfalah Pehchan account

Recent Posts

The Triton naval drone, developed by Ocean Aero, is designed as an autonomous underwater and surface vehicle.

Iran Targets US Sea Drone in Strait of Hormuz, IRGC Says

US Supreme Court, US Immigration Policy, Deportation Prioritization

US Supreme Court Rejects Trump-Backed Missouri Map

Satellite imagery of damaged aircraft hangars at Muwaffaq al-Salti Air Base in Jordan.

Iran Attack on Jordan Base Damages US Military Aircraft

Post Archives

More Popular from Photonews

NADRA’s Pak ID App Makes CNIC Renewal Easy
Pakistan

NADRA Appointment Booking Goes Live in PakID Mobile App

1 Min Read
Islamabad High Court Imran Khan £190 million appeal
Pakistan

Islamabad Shisha Cafe Ban: IHC Orders Rules in 30 Days

2 Min Read
Qinwen Zheng on a six-match winning streak in New York
Sports

Zheng Qinwen Beats Keys 1-6, 7-6, 7-5 At US Open

2 Min Read
Sindh

Natasha Danish Acquitted in Karsaz Drug Case in Karachi

KARACHI, Sindh: A local court on Friday acquitted Natasha Danish in the drug-use case linked to…

September 4, 2026
Business

US-Venezuela Oil Deal Gives Pentagon 35% Stake in NABEP

WASHINGTON, United States: Under the US-Venezuela oil deal, the Pentagon receives a 35% stake in a…

September 6, 2026
Business

China AI Token Economy Expands Into Cards, Plans and Loans

GUANGZHOU, China: The China AI token economy is expanding into banking and telecom services as companies…

September 6, 2026
Pakistan

Pakistan Warns Iran to Rein in Houthis After Saudi Attacks

ISLAMABAD, Pakistan: Pakistan warned Iran to use its influence to restrain Yemen’s Houthis after attacks on…

September 10, 2026
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

    Categories

    • World
    • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir

     

    • Top News
    • Business
    • Entertainment
    • Sports
    • Videos
    • Tech
    • Offbeat
    • Blog
    • About Us
    • Privacy Policy
    • Code of Ethics & Editorial Standards

    © 2026 Phototnews
    All Rights Reserved.

    Welcome Back!

    Sign in to your account

    Lost your password?